Lina Shelby

New York City Minimum Wage 2024. In new york state, two legislative proposals call for tying the minimum wage to inflation. As part of the fy 2024 budget, governor hochul secured an historic agreement to increase new york’s minimum wage through 2026 and index it to inflation.

Here’s a closer look at the financial realities of living on minimum wage in new york in 2024, including the differences between costs inside and outside the city. New york is raising its minimum wage in january by $1 to $16 an hour for workers in new york city and the neighboring suburbs of westchester county and long.